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Gigafactory 3

China’s technology sector faces new round of lay-offs as global firms Ericsson, Tesla, Amazon and Intel continue to shed jobs

by Anas Siddiqui
China’s technology sector faces new round of lay-offs as global firms Ericsson, Tesla, Amazon and Intel continue to shed jobs

Swedish telecommunications equipment maker Ericsson’s plans in China will involve cutting about 240 positions at its core network research and development (R&D) facility on the mainland, a company representative said …

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Tesla boss Elon Musk’s lay-offs mainly target sales staff, leaving production at Shanghai Gigafactory unaffected: sources

by Anas Siddiqui
Tesla boss Elon Musk’s lay-offs mainly target sales staff, leaving production at Shanghai Gigafactory unaffected: sources

Tesla’s job cuts in mainland China involved mainly sales staff and will not affect production at its Shanghai factory, which accounts for more than half of the carmaker’s total output, …

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Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

by Anas Siddiqui
Tesla fails to keep up with China’s fast-growing EV sector amid escalating price war, posts declining February sales

Tesla’s February deliveries in mainland China, the world’s largest electric-vehicle (EV) market, failed to keep up with the overall industry amid an escalating price war. The US carmaker’s Gigafactory in …

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Shanghai offers financing and land-use support to foreign investors, as city commits to meet 5 per cent economic growth in 2024

by Anas Siddiqui
Shanghai offers financing and land-use support to foreign investors, as city commits to meet 5 per cent economic growth in 2024

“We will give more policy guarantees in the areas of land use, energy supply, environmental evaluation and financing, [while] encouraging more foreign companies to invest in green transition, digitalisation and …

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